How Society Intervenes with in How you Spend your resources

Mer av detta

The 50 most important English proverbs

av Sergei Polovin

Diagnose Why An Engine Won't Turn Over to Start

av Vee Hang CHIN

Industry Location Factors

av Paddy Penton

Global Politics

av Wilcox Wilcox

How Society Intervenes with in How you Spend your resources

Pensions

Governments have compulsory pension schemes because many individuals wouldn't otherwise invest in pensions

Encouraging Desirable Behaviour

The Government can provide extra resources like grants to promote cycling, solar panels, etc.

Redistribution of Wealth

They use the revenue to support those who struggle to pay for basic needs.

Governemts tax those who earn more

Impact on Environment

The Government pass laws to change individual behavior for the good of all.

An individual doesn't cause much damage but all individuals together can

Value Added Tax (VAT) Rates

Lower or no VAT on items deemed as a need = baby food

Higher VAT rates on luxury goods/wants = chocolate

Societal Decisions

Usually the Government make these decisions

Infrastructure = Hospitals, roads, schools